Sadanand Vasant Rane

• Developed an optimized supply chain strategy that minimized disruptions, reduced dependency on air shipments, lowered costs, and ensured a seamless, continuous production process for the company.
• Created an automated inventory management system that enhanced tracking, minimized stock discrepancies, reduced manual effort, improving operational efficiency and overall inventory accuracy.
• Heading finance operations, ensuring compliance with import/export benefits and licensing requirements. Engagement with auditors and partners, facilitating seamless Financials preparation and timely financial reporting. Responsible for Corporate reporting which includes Monthly reporting , Variance analysis , Budget & Long Range Planing.
• Coordinated with the Company Secretary to organize Board meetings, ensuring statutory compliance. Maintained accurate records for corporate governance, legal obligations, and transparent documentation purposes.
• Designed a performance appraisal system, setting clear benchmarks for annual bonuses and salary increments, ensuring fair assessments and aligning compensation with individual and organizational performance.
• Key role in supplier evaluations, assessing quality, reliability, and cost-efficiency. Fostered strategic long-term partnerships by selecting suppliers that met business objectives and sustainability standards for consistent supply chain success.

June 2014 – April 2019: Executive Assistant to VP-Finance (India, Malaysia, South Africa & Thailand)

• Coordinated with country finance heads to ensure timely monthly reports for consolidated management review.
• Assisted Joint Ventures with monthly reporting in the IAC reporting tool, as they had limited access.
• Conducted onsite internal audits and set up controls to prevent irregularities.
• Visited locations to verify controls and provided training.
• Prepared Project Investment reports for CAPEX investment.
• Coordinated with auditors to get financials signed off and submitted to local authorities on time.

Achievements:

• Identified financial irregularities, led the reinstatement and re-audit for FY2014.
• Established controls to prevent similar issues in the future.

Post-Reorganization: Head - Country ERP Support

• Worked daily with internal IT teams and consultants to guide work, find the best solutions, and act as a liaison between IT and end-users.
• Monitored daily integration activities and resolved integration issues quickly.
• Identified manual tasks and implemented automation where possible as part of continuous improvement.
• Reviewed policy changes from tax authorities/government and worked with developers to update programs accordingly.

Achievements:

• Successfully deployed new ERP system for the plant within the set time frame.
• Implemented e-invoicing.
• Automated repetitive tasks like monthly reporting journals, sales order price changes through Excel uploads, saving time and improving accuracy.

• Led all accounts and finance functions within the organization, including finance management, fund management, direct taxation, and auditing.
• Generated weekly MIS reports using the Hyperion Reporting Tool and shared them with the Asia Pacific office.
• Coordinated with 25 inter-company units across 7 countries, handling chargebacks, ensuring proper documentation, tax deductions, and arranging payments.
• Ensured compliance with all applicable indirect taxes for the Engineering Centre, such as TDS, Service Tax, and Octroi.
• Prepared customer agreements for engineering design and development services.
• Monitored CAPEX spending against approved limits and maintained the Fixed Assets register in both the system and MS Excel.
• Ensured compliance with Transfer Pricing Rules under the Indian Income Tax Act for international transactions.
• Managed the timely collection of all necessary documentation and support for assessments.
• Handled imports and exports for the STPI unit.
• Applied for Service Tax refunds bi-annually for input services used in generating export revenue.

Achievements:

• Successfully claimed a refund for Service Tax paid on Input Services used to generate Export Revenue, the first in the Thane region.
• Secured significant savings by obtaining Service Tax Cash Refund under Rule 12, the first in the Thane region.
• Maintained the highest level of Internal Audit ranking within Asia, achieving Green Certification after two audits by Corporate Internal Audit.
• Recognized as the Best Employee of Asia in 2013 for successfully relocating the Engineering Center to the Export Zone with 100% compliance.
• Consistently recognized as a top location and preferred by Statutory Auditors.

Key Achievement:

Managed all accounting functions using the Tally setup, including the creation and maintenance of the Chart of Accounts, implemented in 1999.

• Supervised accounting operations for five site accounts, ensuring proper allocation of funds to site managers for daily operational expenses.
• Led the preparation and finalization of the annual balance sheet and profit and loss statements in accordance with Indian GAAP, presenting them to top management for review.
• Collaborated with banks to negotiate and secure both fund-based and non-fund-based facilities, ensuring adequate working capital and timely submission of stock statements.
• Issued debit notes to site suppliers for recoveries and to other inter-company units for expense chargebacks, ensuring accurate billing and financial reconciliation.
• Oversaw timely reconciliation of the following accounts:Site Incharge Imprest Accounts
  Associates/Subsidiary Accounts
  Bank Reconciliation
  
• Ensured accurate accounting of TDS certificates received from parties, ensuring tax compliance and proper documentation.
• Spearheaded the implementation of group/ledger definitions on Tally in 2000, replacing the outdated COBOL-based accounting system to address Y2K concerns and improve system efficiency.